The Property Tax Inheritance Exclusion

Oct 9, 2017 - Figure  3 reports our estimates of these fiscal effects by county. Greater Losses Likely in Future. It is likely the fiscal effect of this exclusion will grow in future years as California ’s homeowners continue to age and the use of the inheritance exclusion increases.
https://lao.ca.gov/Publications/Report/3706

Building Reserves to Prepare for a Recession

Mar 7, 2018 - To put this in more concrete but very rough terms, a moderate recession, like the dot ‑com bust, could lead to a $ 40  b illion budget problem. A more mild recession might result in a $ 20  b illion budget problem.
https://lao.ca.gov/Publications/Report/3769

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - Although the budget does not assume an extension of the MCO tax, it does propose the continued use of General Fund for the 7  p ercent restoration in 2019 ‑20. The cost of the 7  p ercent restoration is estimated to be $342. 3  m illion in 2019 ‑20.
https://lao.ca.gov/Publications/Report/3916

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - The typical PE ratio since 1990 is 21 (19 if the dot-com bubble of the late 1990s and early 2000s is excluded). Similar to the price-to-earnings ratio, the home price-to-rent ratio is used to gauge if home prices are in line with underlying demand for housing.
https://lao.ca.gov/Publications/Report/3829

Managing California’s Cash

Sep 3, 2019 - After a period of relative calm in the mid ‑ and late ‑1990s, California faced another series of years with acute budget problems following the dot ‑com bust and ensuing recession. Although the dot ‑com bust was relatively mild in economic terms, it hit the California budget —which is particularly reliant on the Bay Area ’s technology sector —especially hard.
https://lao.ca.gov/Publications/Report/4092

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - As shown in Figure  3, although California ’s nominal minimum wage has doubled over the last decade, the hourly wage gap between low-wage (10 th percentile) workers and average (median) workers has barely changed over that period.
https://lao.ca.gov/Publications/Report/4878/3

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - “Counterfactual Decomposition of Changes in Wage Distributions Using Quantile Regression. ” Journal of Applied Econometrics 20: 445-465.
https://lao.ca.gov/Publications/Report/4878/4

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Figure  3 shows that most low-wage workers live in households without any children under 18. Roughly 20  percent live with one child, 15  percent with two children, and fewer than 10  percent with three or more children.
https://lao.ca.gov/Publications/Report/4878/1

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Definition of Low-Wage Workers: Below 20 th Percentile. In this section, we classify a job with a wage below the 20 th percentile of the hourly wage distribution as a low-wage job. In contrast to the $17.50 per hour definition used in the prior section and another post , this definition has a consistent interpretation over a 20-year period.
https://lao.ca.gov/Publications/Report/4878/2

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Businesses covered by the fast-food law must pay their employees at least $20 per hour starting April 1, 2024. As originally enacted, the health care facility law would impose various pay requirements starting June 1, 2024.
https://lao.ca.gov/Publications/Report/4878